Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Unaudited)

v3.19.3
Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 15,204,587 $ 321,788
Accounts receivable 1,901,019 1,180,757
Accounts receivable - related party 490,485 125,112
Inventory 407,708 489,239
Other assets 774,856 50,824
Total current assets 18,778,655 2,167,720
Non-current assets    
Fixed assets, net accumulated depreciation of $189,896 and $149,015 61,072 94,640
Goodwill 12,304,306 12,304,306
Intangible assets, net accumulated amortization of $19,058 and $13,903 76,309 81,197
Investment 741,307 2,199,344
Accounts receivable - litigation 3,063,968 1,281,511
Note receivable, noncurrent, net 237,246 92,888
Note receivable - related party 487,695 0
Operating lease right of use assets 168,344 0
Total noncurrent assets 17,140,247 16,053,886
Total assets 35,918,902 18,221,606
Current liabilities    
Accounts payable 915,651 202,515
Accounts payable - related party 20,703 71,312
Accrued expenses 485,292 291,084
Derivative liabilities 5,852,649 0
Income taxes payable 582,931 582,931
Total current liabilities 7,857,226 1,147,842
Noncurrent liabilities    
Lease liabilities 121,835 0
Total noncurrent liabilities 121,835 0
Total liabilities 7,979,061 1,147,842
Commitments and Contingencies, note 13
Shareholders' equity    
Common stock $0.001 par value. 90,000,000 authorized, 39,369,511 and 27,753,310 were issued and outstanding September 30, 2019 and December 31, 2018, respectively. 39,490 27,875
Additional paid-in capital 44,656,071 20,239,163
Additional paid-in capital - warrants 2,647,461 2,647,461
Retained earnings (19,403,181) (5,840,735)
Total Shareholders' equity 27,939,841 17,073,764
Total liabilities and stockholders' equity $ 35,918,902 $ 18,221,606